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@giurgiu
http://i1245.photobucket.com/albums/gg592/ag_bg/48cm%20steel%20frame/spezz_05_zps9c271590.jpg
Here I have for sale a small road frameset made by Spezzotto, Italy.
Seat tube 48cm c-c, Gipiemme drop outs and BB & no-name headset.
Not sure about the tubing, takes 26,2mm seat post, rear spacing 124?
Chrome under the light blue paint (ice blue), no rust but quite a lot of scratches.
The frame is straight and sound though one of the chainstays has been resprayed of unknown reason.
More pics here.
Asking 90 pounds + 25 postage to UK/EU.